The-Good-the-Bad-the-Maybe-Looks-at-MWA-POZN-and-SHIP
I'm saying this respectfully to anybody who owns or is thinking about owning POZEN Inc. (NASDAQ:POZN) .... Take the hint. Between Friday's and today's huge selling volume, you're lucky POZN is still in the $11 range.
Just to be clear, Friday's low of $5.60 wasn't any kind of tick error or fluke - POZN trades actually went through at that price.... a lot of them, in fact. Yes, this small cap recovered a great deal later in the session, but the damage was done - it became clear that someone (or several someones) with a big position wanted out of POZEN Inc. Why? Great question. Yet, I'm more concerned with how much more supply they've got to dump that the market can't absorb.
Now fast forward to today. We're seeing similar hints for POZEN Inc. shares. The open was quite strong, yet POZN has been falling the whole session ON EVEN HIGHER VOLUME (ALREADY) THAN FRIDAY! Factor in the fact that this small cap stock was already overbought and rip for a pullback, I just don't see any reason to keep holding it.
Just saw this article, does this mean something bad is going on? Or just MM's manipulation? |